The Real Deal New York

Kushner plans to lend $200M annually to developers

Jared Kushner’s Kushner Companies plans to lend $200 million annually to developers over the next five years, according to its president Laurent Morali.

“We like the opportunity to deploy our capital in a different place in the capital stack,” Morali said, according to the New York Post.

The Real Deal first reported in May that Kushner Companies had quietly launched a lending arm, and bought the mezzanine debt on JDS Development and the Chetrit Group’s 9 DeKalb Avenue. According to an offering email reviewed by TRD at the time, the firm plans to issue preferred equity, mezzanine debt and senior debt ranging from $20 million to $500 million.